Why retiring in Bali is worth considering

As you head towards the age where it's time to quit the rat race and enjoy the rest of your life (and your hard earned money), the main question is, “where do I retire?”

Very important information to read:

This article is intended as a preliminary guide only and refers to some but not all elements required to consider in detail prior to starting any property dealings or due diligence. Property dealings are often complex, especially in foreign countries and we highly recommend you seek independent professional advice... read more...

Bali is definitely one of the most popular answers to that very important question.

Why Bali?

Due to Bali’s unique culture, its famous forms of art and dance and of course, it is a tropical island paradise, why not Bali?

The majority of the locals can speak English, which means there really isn’t much of a language barrier.

Finding affordable accommodation is easy or if you choose to buy, it definitely would be a great investment for you and for your children.

You are surrounded by massage parlors, which means nurturing yourself is made easy. Being treated to beautiful sunrises and sunsets is all part of the package when retiring in Bali and long strolls on the beach, taking in all its beauty can only be nourishing for the soul.

The next question is how easy is it to retire in Bali and what steps need to be taken?

Retirement Requirements

The required age to retire in Bali is 55-years of age.

Have to have proof of health and life insurance.

Proof of pension:
Minimum of roughly USD 1,520 a month … OR
Lump sum of money roughly USD 18,270.00 to provide living expenses while in Bali.

Proof of rental agreement with the cost set out at over USD 380.00 per month.

A letter stating you agree to employ at least one Indonesian while living in Bali. Eg. Helper, Gardner, Driver etc.

A CV and an agreement stating you will not work while in Bali.

By acquiring this Visa, you will be able to stay in Bali for one year and renew for 5 more years.

You will also be able to open a local bank account and get a local drivers license.

Once you have lived in Bali for 5years or more, you can apply for official and permanent residency.

Bali Living

Next to know, now that you have read how easy it is to retire here in Bali, is where and what area should you retire in?

This is a little challenging to answer as every area has its specialty, or the ‘thing’ it’s known for.

This also comes down to you and what interests you and what you would like to be surrounded by. Seminyak, Amed, Uluwatu, Ubud, Sanur, Canggu, Lovina just to name a few, are all highly recommend and have something special to offer.

Amed

This is the hub and main place to retire if you have any diving interests and experience. Scuba diving is available for all levels of experience; there are plenty of scuba schools willing to instruct if you have never done it before. Or if you are a little more on the experienced side, there are boats waiting to take you out. Fishing is also an option, should this be a sport you enjoy.

Amed has also stayed true to its Balinese culture. It hasn’t been ‘Westernized’ as yet. So if you are looking to embrace the Balinese culture and enjoy the quietness and tranquility of Bali, this may just be your spot.

Sanur

Being one of the first towns discovered in Bali, is such a laid back place, often referred to as ‘Snore City’. Sanur is never on the clock, everyone will get to their tasks at hand in their own time. Much to the nature of its people, is the surrounding calm oceans which meets the sandy white beaches.

Sanur has some of the most beautiful beaches, filled with fishing boats as the locals are bringing in the catch of the day or taking expats out for a day on the boat.

It is also a great beach for snorkeling and long strolls either early morning, or late afternoon as you catch the sun kissing the ocean good night before heading out for a early dinner or maybe even the popular local beer known as Bintang.

Ubud

The area, which sums up spirituality, arts and dance is the heart of Bali when it comes to arts and culture. Whether it's art displayed through carving wood and making furniture or beautiful paintings – they really embrace their creativity.

In this peaceful place, as there is not a lot to do, it gives you time to reflect and become in touch with your spirituality. Whether it’s yoga retreats or classes or maybe even balancing your chakras, this is the place to be for soul searching.

You are also certain to find affordable property with a magnificent view of breath taking rice paddies. Who wouldn’t want to wake up as a retired individual to that view which can only be food for the soul?

Uluwatu

Surfers paradise. Just because you're retiring, doesn’t mean you have to give up surfing too. As you head more towards the south of Bali, up into the cliffs, you will find Uluwatu. Uluwatu is filled with lots of restaurants and adventurous paths, which lead you to the beach. Definitely an area to consider.

Seminyak

Well Seminyak is the busiest and most popular area in Bali. It's all about the shopping, the food and, of course the night life. This area is “vibing” all the time. It is pretty central to everything, and everything you need is easily accessible. So if you're looking for more of a social scene, this is the area for you.

Don’t get me wrong, the area might be busy, but the properties tucked away down the small gangs are gems! It might be all busy out there, but your villa won’t hear a thing!

This article and the above linked articles are not complete and are intended as preliminary guides only. These guides refer to some elements to consider prior to starting any property dealings or due diligence. Property dealings are often complex areas, especially in foreign countries and we highly recommend you seek independent professional advice... read more...